TSX:QSR Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,434	8,406	7,022	6,505	5,739
Revenue Growth (YoY)	12.23%	19.71%	7.95%	13.35%	15.52%
Cost of Revenue	4,883	4,052	2,947	2,830	2,379
Gross Profit	4,551	4,354	4,075	3,675	3,360
Selling, General & Admin	2,099	2,063	1,977	1,708	1,470
Other Operating Expenses	250	-128	47	69	11
Total Operating Expenses	2,349	1,935	2,024	1,777	1,481
Operating Income	2,202	2,419	2,051	1,898	1,879
Interest Expense	-516	-577	-582	-533	-505
Other Non-Operating Income (Expense)	-2	-33	-16	-	-11
Total Non-Operating Income (Expense)	-518	-610	-598	-533	-516
Pretax Income	1,684	1,809	1,453	1,365	1,363
Provision for Income Taxes	483	364	-265	-117	110
Net Income	776	1,021	1,190	1,008	838
Minority Interest in Earnings	299	424	528	474	415
Earnings From Discontinued Operations	-126	-	-	-	-
Net Income to Common	776	1,021	1,190	1,008	838
Net Income Growth	-24.00%	-14.20%	18.06%	20.29%	72.43%
Shares Outstanding (Basic)	329	319	312	307	310
Shares Outstanding (Diluted)	457	454	456	455	464
Shares Change (YoY)	0.66%	-0.44%	0.22%	-1.94%	-0.85%
EPS (Basic)	2.36	3.21	3.82	3.28	2.71
EPS (Diluted)	2.35	3.18	3.76	3.25	2.69
EPS Growth	-26.10%	-15.43%	15.69%	20.82%	68.13%
Free Cash Flow	1,449	1,302	1,203	1,390	1,620
Free Cash Flow Growth	11.29%	8.23%	-13.45%	-14.20%	101.49%
Free Cash Flow Per Share	3.17	2.87	2.64	3.05	3.49
Dividends Per Share	2.480	2.320	2.200	2.160	2.120
Dividend Growth	6.90%	5.46%	1.85%	1.89%	1.92%
Gross Margin	48.24%	51.80%	58.03%	56.50%	58.55%
Operating Margin	23.34%	28.78%	29.21%	29.18%	32.74%
Profit Margin	11.39%	17.19%	24.47%	22.78%	21.83%
FCF Margin	15.36%	15.49%	17.13%	21.37%	28.23%
EBITDA	2,503	2,683	2,242	2,088	2,080
EBITDA Margin	26.53%	31.92%	31.93%	32.10%	36.24%
EBIT	2,202	2,419	2,051	1,898	1,879
EBIT Margin	23.34%	28.78%	29.21%	29.18%	32.74%
Effective Tax Rate	28.68%	20.12%	-18.24%	-8.57%	8.07%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.